is a highly reactive chemical intermediate with potential uses in almost every field of industrial chemistry. Maleic anhydride is used in the production of unsaturated polyester resin as well as in the manufacturing of coatings, surfactants, pharmaceuticals, agricultural products like pesticides and as an additive for plastics.
The suitable operating environment of maleic anhydride is not the same as it was a few years ago, owing to the vitality of this market. The maleic anhydride market is further divided into application, material and geography. The total market for maleic anhydride has been analyzed which gives an impression about the present measures in the industry at the commercial level. The study offers the value chain analysis in terms of raw materials, manufacturers, and end-users for the maleic anhydride market. The value chain describes the key contributors of the materials market at different stages from product development till the end-use. It represents the top players which are contributing to the global maleic anhydride market.
However, Unsaturated Polyester Resin is the key end use industry of the Global Maleic Anhydride market
, accounting almost xx% of the total application share of maleic anhydride market. The global market for maleic anhydride is estimated to be $XX billion in 2015. The global market for maleic anhydride is estimated to grow at a CAGR of XX% and is forecast to reach $XX billion by 2021.
Escalating demand from the end-user industries like marine, automobile and construction industry is expected to surge demand for unsaturated polyester resins over the forecast period. BDO, in 2015 was the second largest application with market share of XX% and global demand of XX kilo tons in 2015. The market is expected to observe a decent growth due to increasing demand in coatings, elastic fibers, polyurethanes and Polybutylene terephthalate for the automotive industry.
Asia- Pacific is the leading market for maleic anhydride with China being the front runner for this market. Asia region is estimated to foresee the highest growth in the next few years due to growing adoption of Maleic Anhydride in industrial applications, which are budding up in this region. Asia accounted to XX% of the market for Maleic Anhydride and is the fastest growing market followed by the European region. Growing demand for Maleic anhydride in the automotive industry of Asia Pacific, primarily China and India, is also expected to drive the industry. Commercialization of bio-based maleic anhydride is expected to serve as a key market opportunity in the near future.Sample Companies Profiled in this Report are:
- Huntsman Corporation
- Changzhou Yabang Chemical Co., Ltd.
- Zibo Qixiang Tengda Chemical
- Ningbo Jiangning Chemicals
- Lanxess AG